My honest opinion is you are not so smart. Yesterdays low is support??? This a falling knife moron fapling 10avg per day. No one is gonna stop the bleeding until dej responds. I have been through this with two other companies. One made it and the other one didnt. The one that didnt was very similar to dej. It was gmxr.
I could bust us right through that cap is mgmt stops giving us the silent treatment. It seems they may have all packed up and took the spare equity to Aruba. Craig is probably sitting on a beach somewhere surrounded by hot #$%$.
Take a look at bill barrett latest earnings report. They are running away from land very close to koko. That was my indication to sell. When a company is running away and dej is taking a high interest loan to develop the same land it raises a big red flag.
I may buy 300,000 around .05 pps when the real panic begins. Right now it is the smart money getting out (hence 350k shares). Dumb money will follow when dillution is announced to avoid delisting.
1. Dillution to pay down the crazy loan DEJ took out and raise equity from 4 mil to 6 mil
2. Severe salary cut of Management.
With this plan expect a .07 print or lower in the coming weeks.
And for all that believed Auggie's bs.... You got what you deserved for being so gullable.
Sentiment: Strong Sell
The big question is when this happens. So hard to time. Any guesses for what will pop the bubble? Maybe a quarter report like csco did yesterday
It is hard to imagine why Hon reaches all time highs when csco ceo just stated global growth weakening.
Gary is listed on the ripoffreport website for screwing over land owners. If he can screw over land owners I'm sure he wouldnt mind screwing over stock holders. Do your own dd and research business red flags. This scam job has done about every single one. One thing to realize is that how come when mhr operates a well it is always way higher production then other wells in same area under different operators. That explains why the revs always come up short EVERY quarter. Then they make excuses and the dumb bag holders believe them. Eventually this will catch up to the holders. Until then have fun investing in this casino.
what the heck you talking about? that is worse than the marcellus average if you figure mmcfe/d per stage. Not to mention that these Utica wells are EXPENSIVE!!!
lol yeah right. What do you think the run to $8 was. That run is over. Back to the 100 day moving average you go. Could go lower but you wont find any support till then.
All other high debt o&g companies are sitting at 100 day sma after reporting earnings with light rev. Mhr is currently stuck on the 50 day sma. MHR 100 day sma is $5.20. This pos will go there at least. If you hold on through that I feel very sorry for you because you have been warned.
Sentiment: Strong Sell
It dosnt matter who owns it. All that matters is that is less production to be processed which means less rev for MHR. How can mhr grow rev on target if MWE cannot keep up with production growth.
You should be glad they cannot keep up because the ng glut would be even worse than it is today.